Shardeum Foundation

The Shardeum Foundation is a non-profit organization dedicated to developing Shardeum, an EVM-compatible Layer 1 blockchain that utilizes dynamic state sharding to enhance scalability and maintain low transaction fees. Founded in 2022 by Nischal Shetty and Omar Syed, the foundation aims to onboard over a billion users to the Web3 ecosystem by providing a decentralized, secure, and energy-efficient platform. Shardeum's architecture allows the network to increase transactions per second (TPS) with each new node added, ensuring consistent performance and affordability for developers and end-users. The foundation's mission is to democratize access to decentralization, fostering a more equitable digital economy through technological innovation.